HONG KONG Dec 9 The Monetary Authority of Macao
said on Friday it has lowered the upper limit for automated
teller machines (ATMs) withdrawals to 5,000 patacas ($626.33) or
Hong Kong dollars per transaction and clarified the daily
withdrawal limit is still 10,000 yuan ($1,449.30) per day.
The authority said the move will regulate Chinese bank
cardholders' overseas money withdrawals. The limits are
The South China Morning Post, citing a finance industry
source, reported late on Thursday that Macau would halve the
amount of cash that China UnionPay cardholders can withdraw from
ATMs in the territory.
Casino stocks tumbled after a report that Macau, the world's
biggest gambling hub, would limit cash withdrawals as part of a
Beijing-led crackdown on illicit outflows.
($1 = 7.9830 patacas)
($1 = 6.8999 Chinese yuan)
(Reporting by Clare Jim; Editing by Sam Holmes)